Assessing the value of the Central Everglades Planning Project (CEPP) in Everglades restoration: an ecosystem service approach

Ecological Economics
By: , and 

Links

Abstract

This study identifies a full range of ecosystem services that could be affected by a restoration project in the central Everglades and monetizes the economic value of a subset of these services using existing data. Findings suggest that the project will potentially increase many ecosystem services that have considerable economic value to society. The ecosystem services monetized within the scope of this study are a subset of the difference between the future-with the Central Everglades Planning Project (CEPP) and the future-without CEPP, and they totaled ~ $1.8 billion USD at a 2.5% discount rate. Findings suggest that the use of ecosystem services in project planning and communications may require acknowledgment of the difficulty of monetizing important services and the limitations associated with using only existing data and models. Results of this study highlight the need for additional valuation efforts in this region, focused on those services that are likely to be impacted by restoration activities but were notably challenging to value in this assessment due to shortages of data.

Study Area

Additional publication details

Publication type Article
Publication Subtype Journal Article
Title Assessing the value of the Central Everglades Planning Project (CEPP) in Everglades restoration: an ecosystem service approach
Series title Ecological Economics
DOI 10.1016/j.ecolecon.2014.09.011
Volume 107
Year Published 2014
Language English
Publisher Elsevier
Contributing office(s) Fort Collins Science Center
Description 12 p.
Larger Work Type Article
Larger Work Subtype Journal Article
Larger Work Title Ecological Economics
First page 366
Last page 377
Country United States
State Florida
Other Geospatial Everglades
Google Analytic Metrics Metrics page
Additional metadata about this publication, not found in other parts of the page is in this table